Nouveau Monde Graphite (CVE:NOU) Shares Down 1.4% – Here’s What Happened

Nouveau Monde Graphite Inc. (CVE:NOU)’s share price fell 1.4% during trading on Thursday . The stock traded as low as C$2.05 and last traded at C$2.06. 51,027 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 47,108 shares. The stock had previously closed at C$2.09.

Nouveau Monde Graphite Price Performance

The stock has a market capitalization of C$225.10 million, a P/E ratio of -2.00 and a beta of 1.82. The firm has a fifty day moving average price of C$2.08 and a two-hundred day moving average price of C$2.44. The company has a quick ratio of 1.29, a current ratio of 1.85 and a debt-to-equity ratio of 15.36.

Nouveau Monde Graphite (CVE:NOU) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. On average, analysts expect that Nouveau Monde Graphite Inc. will post -0.46 EPS for the current year.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.